Search results

And not have time to indulge in heated arguments on this forum?

I never said the council bail out didn't effect the value of the shares - it did! But only very little - from very very much negative, to very much negative. Higgs must have agreed to handing over Car Park C, but I think they felt very much at gun point at that point. Which ever way they turned...

See you back on Friday then. Don't worry, we won't go away.

Yes, and interestingly he didn't tell about the three year run-off period suggested by JS as the last gasp of the rent negotiations. He simply used it as evidence that rent negotiations did continue after the council bought the loan and sumitted that it showed the council bail out did not have...

I am not convinced that the judge can come to that conclusion. The rent strike was instrumental to the financial situation that lead to the decision to buy the loan, but ... The rent strike was a commercial dispute - it was unlawful, and the penalty was administration, subsequently liquidation...

We don't know that. We just assume so. I can speculate that we will be back on January 1, 2015 - but I don't know that. So it's not factual. Yet.

I was agreeing with everything until the very last sentence. In my understanding - ordering the repaying of the loan is not a remedy but an obligatory action if unlawful state aid is the ruling. Then I agree again - damages would probably need a seperate hearing, but the judge may rule if he...

One issue we have discussed often is the rent agreement they seemingly reached in January 2013 only for JS to veto it. First - the deal was proposed by sisu, in fact JS herself, but before the council bought the loan. As sisu buying the loan (or half of it with ccc buying the other half) was...

1) - Yes, I think it is very likely. 2) - Depends on what will happen within the council, especially within the labour group. So no clue. 3) - As that depends on 2) I can't really make assumptions.

I have no clue if the judge will go further than to order the loan repaid. Any damages would likely be a subject for a seperate hearing. In that case I think it will never go further as the council will be forced into new negotiations with the club. Still, the judge haven't ruled on the loan...

Transcript day 2 - Council QC:

How is that? Is it a deal a private investor would have made? Does it add security for the loan ... or indeed deplete the security? And why are you not up in flames about Higgs losing shareholder value?

I have reached this point now. True, the judge make the point that it is highly unlikely that sisu would have succeeded in buying the loan at £5m or even less. But in that very context he goes on: … this is very material when considering if the loanis state aid, and it also supports the...

Why is that important now? Isn't it more important what will happen to ACL if the loan is found unlawful and must be repaid?

This is new to me: ACL handed over Car Park C to the council as part of the bail out agreement. This means the council depleted ACL of an asset valued at £1m+ ... did Higgs receive an compensation? Not as a s I can read. I thought it was sisu who were supposed to be the asset stripping bastards...

I haven't seen any in-depth reports from CET, but anyway I would rather read an analysis from somebody not even remotely connected (financially or emotionally) to the club or the council. Day 1 transcript has a lot of points only indirectly towards the issue of the legality of the loan, but...

No. Can I suggest you read the transcripts and then use actual evidence as presented in the court. There are loads of reports, emails and notes you can quote.

Yes- first day. I have just finished reading day 1 and I must say it makes me very, very sad. The sisu QC goes through all the documents from ACL/CCC to make a very believable case of 'political rape of the club' (my words not his). I started reading in the belief that I would learn nothing...

This is from PWKH and Mr Harris dated September 10th. It's in context of shareholder value if council bought the loan at £15m:

I simply found a quote in the transcripts to back up your comment. I am sure you would do the same for me any time!